Cardano entered the list of the top 3 projects in terms of development in the cryptocurrency market
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Answer Cardano entered the list of the top 3 projects in terms of development in the cryptocurrency market
The Cardano project remains one of the most developed and active networks in the blockchain industry, according to Santiment data shared by Coin98 analytics platform.
According to the number of active shareholders in the project, Cardano ranks third in terms of the number of contributions.
While the “Solana” project is considered the most developed project in the market and maintains the first position with 533 active contributors.
The second place is occupied by the second largest network in the crypto industry, the Ethereum network.
Currently, Cardano has approximately 120 daily active contributors who are constantly working on network development.Read:The UAE Central Bank sets a roadmap for launching its digital currency, CBDC
Santiment tracks activity and the number of contributions to project development like GitHub.
As more users contribute to the project, the project gets a higher position in the ranking.
Another indicator from the same analytics platforms mentioned above indicates that Cardano’s development activity is in second place, while the Solana project is still ranked first.
With the release of the smart contract technology of the Cardano blockchain, more developers have started to use the network and release different use cases.
The largest by far is the decentralized exchange “SundaeSwap” which holds at least 96% of the total value locked onto the network.
According to DeFi tracking service LIama, more than $128 million from Cardano is currently being closed in various contracts built on the Cardano network.
SundaeSwap holds $125 million out of $128 million, while the second place goes to another decentralized exchange, MuesliSwap.Read:Cyprus regulator gives cryptocurrency exchange “CryptoCom” the green light to offer its services
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